Firms` Strategic Decisions: Theoretical and Empirical Findings

Firms` Strategic Decisions: Theoretical and Empirical Findings

Volume: 2

Indexed in: Book Citation Index, Social Sciences & Humanities, EBSCO.

This is the second volume of the book series featuring empirical research conducted on business decision making policies of oligopolistic organizations. This volume brings together 11 chapters that ...
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Evaluation of Financial Losses Suffered by Enterprises due to Information System Accidents

Pp. 239-261 (23)

Sergii Kavun, Vyacheslav V. Kalashnikov, Nataliya Kalashnykova and Olexandr Cherevko

Abstract

We develop a method to evaluate financial losses of enterprises caused by breaks of information security systems. The method can be used to estimate the losses as a result of the information system’s accidents (for example, computer attacks or unauthorized intrusions). In addition, this method can evaluate the risk level of any enterprise. As an illustration, a practical example of estimating financial losses based upon a real-life case is presented. Some results of dynamic changes of variables involved in the method are also shown.

Keywords:

Computer attacks, enterprise, estimation, financial losses, hacker attacks, information security systems, information system accidents, negative impacts, risks, unauthorized intrusions.

Affiliation:

School of Science and Engineering (EIC), Tecnológico de Monterrey (ITESM), Campus Monterrey, Ave. Eugenio Garza Sada 2501 Sur, Monterrey 64849, Mexico.